S&P Global Inc. Work Values

Daily Duties at S&P Global Inc.:

Advised and worked with a team of 50 Analysts across multiple regions that assigned and surveilled structured finance ratings for an eclectic basket of instruments that included Asset-Backed Commercial Paper (ABCP) programs, Letter of Credit Backed Bonds, Repackaged Securities, Synthetic Securities, Tender Option Bonds, Standby Purchase Agreements and Derivative products in North America, as well as the array of Asset Backed term securities across Latin America, issued by the range of lending institutions from large, globally active, systemically important financial institutions to local non-bank financial institutions. • Supervised the analysis and rating process, which included on-site business reviews, operational risk assessments, capital & funding adequacy evaluations, stress testing, peer comparison of key performance indicators, counterparty evaluations as well as the analysis of soundness, safety and operational risk management, and together with other managers, supervised any cross industry and regional considerations. Collaborated with other senior analysts to develop and draft the document that provided the internal guidance that governed this process. • Regularly coordinated with the Financial Institutions Ratings and Public Finance Ratings practices to assess the market, liquidity, and credit risks posed by pools of structured finance investments held by large, globally active, systemically important complex financial institutions (GCFIs) and large insured depository institutions (LIDIs). Analyses were used to assess the capital adequacy, counterparty, off-balance sheet and trading risks used in determining the ratings of the CFIs & LIDIs and the stand-alone risk of the related trading or derivatives affiliates, which tested the financial stability and performance in both a financial stress environment and during an insolvency. • Reviewed, drafted and provided feedback on written recommendations containing the analysis, remedial actions, rating actions (when warranted) and rating rationale. Contributed to the development of analytical tools and processes to enhance the surveillance of such ratings and related asset performance as well as the monitoring reports that summarize issuance, firm and industry specific risks, which assist to improve risk management and quality of the rated universe. • Represented S&P during SEC examinations to address regulatory requests and questions. Worked closely with the senior levels of internal risk management group, the legal department, and regulatory affairs, to assess the po- Philip A. Galgano galganopa@gmail.com Page 2 tential impact that pending changes in laws and regulations may have on capital markets, outstanding ratings and existing ratings criteria. • Participated in determining and executing the ratings’ strategy as part of the Structured Finance Leadership team, which included setting team priorities, as well as championing and supporting organization decisions, while coordinating other business functions and rating practices to ensure the alignment and execution of S&P Global Ratings’ strategy. • Championed continuous improvement efforts through information technology including the introduction of new tools, models, and processes to deliver quality outcomes and automation. Oversaw a project team that developed a surveillance platform saving over 1,500 hours per quarter. • Tracked key performance indicators such as turn-around time for new ratings from engagement to delivery; frequency and timeliness of ratings surveilled; and rating error identification and correction. • Monitored and surveilled a portfolio of over 16,000 securities. Identified underperforming assets and securities. Evaluated the various related risks such as default of the security, bankruptcy of the issuer and the potential recovery of assets to satisfy creditor claims. Reviewed remediation plans delivered by sponsoring financial institutions. • Engaged with Complex Financial Institutions (typically ABCP conduit sponsors) to evaluate resolution plans during times of financial stress where plans were presented to reorganize conduits, merge conduits, acquire other conduits or the related assets pools. Analyses considered bankruptcy remoteness of the reorganized structure, preference risk, swap contracts, contingent lines of credit such as liquidity facilities (asset purchase agreements and loan agreements), timelines of repayment obligations and other creditor claims, as well as an evaluation of the credit worthiness of any financial institutions providing support. • Represented S&P Global Ratings externally at formal presentations and panel discussions. An accomplished and frequent speaker at industry conferences. Regularly engaged and interfaced with issuing financial institutions, investors and third-party market participants.

What they like about S&P Global Inc.:

A hiring company that offers alternative approaches to pay, performance bonuses, and/or equity in the firm is very attractive to you. You're generally less interested in working for an organization offering only traditional, salary-based compensation, one with limited opportunity to acquire equity in the firm, or one that does not actively promote skill development. In addition, you are more likely to choose a company that offers a variety of internal career options, with defined career paths. You view the learning of new skills and development of your expertise as key to your career advancement. These aspects of an organization may become even more important to you as you progress in your field, and are especially critical if you change career or occupation.

Tags

ABS, Economics, Financial Industry, Management, Mba, Training, Interest Rate, Microsoft Exchange, Asset Backed Securities, Asset Backed Commercial Paper, Structured Finance, Manager, Credit Analysis, Risk Analysis

Skills

Credit Analysis, Risk Identification and Remediation, Monitoring and Surveillance, Strategic Planning, Process Improvement, Relationship Management, Seasoned Public Speaking, Talent Acquisition/Retention, Employee Engagement, Credit and Capital Markets, Consumer and Commercial Lending Analysis, Counterparty Analysis, Asset Liability Management

These are some of the questions we asked our climbers about their experiences with S&P Global Inc.: